Question 1

Franchisees may be obligated to contribute a percentage of sales to parent corporations.

Accepted Answer

A) True 
 B)False

Question 2

In a(n)________,owners are taxed like partners but have limited liability.

Accepted Answer

A)  private corporation 
B)  public corporation 
C)  S-corporation 
D)  limited liability corporation 
A)  private corporation 
B)  public corporation 
C)  S-corporation 
D)  limited liability corporation

Question 3

________ are people who assume the risk of business ownership.

Accepted Answer

A)  Sole proprietors 
B)  General partners 
C)  Directors 
D)  Entrepreneurs 
A)  Sole proprietors 
B)  General partners 
C)  Directors 
D)  Entrepreneurs

Question 4

A sole proprietorship depends primarily on the resources of ________.

Accepted Answer

A)  the corporation 
B)  foreign investors 
C)  capital markets 
D)  a single individual 
A)  the corporation 
B)  foreign investors 
C)  capital markets 
D)  a single individual

Question 5

Why might an entrepreneur wish to purchase an existing business rather than starting one from scratch?

Accepted Answer

An entrepreneur may wish to purchase an

Question 6

A major drawback of sole proprietorships is ________.

Accepted Answer

A)  limited liability 
B)  flexibility 
C)  low startup costs 
D)  unlimited liability 
A)  limited liability 
B)  flexibility 
C)  low startup costs 
D)  unlimited liability

Question 7

In a ________,two or more organizations collaborate to create and own a new business venture.

Accepted Answer

A)  professional corporation 
B)  vertical merger 
C)  joint venture 
D)  strategic alliance 
A)  professional corporation 
B)  vertical merger 
C)  joint venture 
D)  strategic alliance

Question 8

What is a venture capital company?

Accepted Answer

A venture capital company is a

Franchisees may be obligated to contribute a percentage of sales to parent corporations.

In a(n)________,owners are taxed like partners but have limited liability.

________ are people who assume the risk of business ownership.

A sole proprietorship depends primarily on the resources of ________.

Why might an entrepreneur wish to purchase an existing business rather than starting one from scratch?

A major drawback of sole proprietorships is ________.

In a ________,two or more organizations collaborate to create and own a new business venture.

What is a venture capital company?

The U.S.Business Environment

Business Ethics and Social Responsibility

The Global Context of Business

Business Management

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

Filters

Exam 3: Entrepreneurship, New Ventures, and Business Ownership

Franchisees may be obligated to contribute a percentage of sales to parent corporations.

In a(n)________,owners are taxed like partners but have limited liability.

________ are people who assume the risk of business ownership.

A sole proprietorship depends primarily on the resources of ________.

Why might an entrepreneur wish to purchase an existing business rather than starting one from scratch?

A major drawback of sole proprietorships is ________.

In a ________,two or more organizations collaborate to create and own a new business venture.

What is a venture capital company?

The U.S.Business Environment

Business Ethics and Social Responsibility

The Global Context of Business

Business Management

Organizing the Business

Operations Management and Quality

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Pricing, Distributing, and Promoting Products

The Role of Accountants and Accounting Information

Money and Banking

Managing Finances

Filters